EUR/JPY bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%61%-6.8%
Shorts43%39%9.0%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗

[ANNOUNCE]Downside risks dominated the common European currency against the Japanese Yen on Friday. The EUR/JPY currency pair plunged by 148 basis points or 1.17% during Friday's trading session.[/ANNOUNCE]

The exchange rate has bounced off the bottom line of an ascending channel pattern at 125.30. Most likely, bulls could pressure the price higher during the following trading session.

However, a resistance level at 126.10 could provide resistance for the currency exchange rate within this session.

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